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HomeFOREXGBP/USD Forecast – December 16, 2024

GBP/USD Forecast – December 16, 2024

The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend forecast remains in place for the day, contingent on the price staying below the $1.2735 resistance level.

Should the price continue to hold below this threshold, the focus will remain on targets at $1.2566, followed by a potential drop to $1.2500 after breaking through the initial support.

The expected trading range for today is between support at $1.2550 and resistance at $1.2700.

Trend Forecast: Bearish

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